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ECB does not target the exchange rate, but it is an important variable: de Guindos - Metro US

ECB does not target the exchange rate, but it is an important variable: de Guindos

European Central Bank holds a news conference in Frankfurt

BERLIN (Reuters) – The European Central Bank does not target the euro exchange rate in its policy, but it is an important variable and the bank monitors it when assessing the effects on price stability, European Central Bank vie president Luis de Guindos said.

De Guindos was answering a question on the appreciation of the euro exchange rate at a press conference after of European Union finance ministers in Berlin.

(Reporting by Jan Strupczewski)

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